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Stress Test

The Federal Reserve's 2021 Stress Test Results: All Bark and No Bite

This year's results of the Federal Reserve's Dodd-Frank Act Stress Test (DFAST) highlight the effects of the Powell chairmanship’s de-regulatory efforts on the Fed's stress testing program. The stress tests clearly no longer sufficiently stress or test the banks, providing the public a less meaningful assessment of the strength of the banking system under stress.